Duolingo (NASDAQ:DUOL - Free Report) had its price target upped by Evercore ISI from $400.00 to $480.00 in a report issued on Friday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC raised their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday. UBS Group cut their target price on Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. DA Davidson upped their price target on Duolingo from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.71.
Read Our Latest Analysis on DUOL
Duolingo Trading Up 1.6 %
NASDAQ DUOL traded up $7.71 during mid-day trading on Friday, reaching $494.13. 1,868,807 shares of the stock were exchanged, compared to its average volume of 737,615. The stock has a market capitalization of $22.36 billion, a PE ratio of 270.02 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo has a 1-year low of $145.05 and a 1-year high of $503.55. The business's fifty day simple moving average is $326.31 and its 200 day simple moving average is $337.19.
Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The company's quarterly revenue was up 37.6% on a year-over-year basis. On average, research analysts anticipate that Duolingo will post 2.03 earnings per share for the current fiscal year.
Insider Transactions at Duolingo
In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the sale, the insider now directly owns 72 shares in the company, valued at $28,185.12. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,868 shares of company stock valued at $37,549,300. 18.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Duolingo
A number of hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Duolingo during the first quarter valued at $25,000. Quarry LP boosted its stake in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the fourth quarter valued at approximately $31,000. Garde Capital Inc. acquired a new stake in shares of Duolingo during the 1st quarter worth approximately $31,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.
About Duolingo
(
Get Free Report)
Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.
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